What is Insurance

What is insurance?

Insurance is the pooling of fund for the purpose of indemnifying a person that has suffer a loss. It is a situation whereby a group of people come together to put a specific amount as saving somewhere so that if in future there is a risk or loss, such person that suffer a risk or loss may be compensated from the pool of fund that has been contributed

*Definition of Basic key words in Insurance*

1. _Policy_ : This is the evidence of the insurance contract. It is always a document or certificate that is issued by the insurer to the insured.

2. _The Insurer_ : This is the insurance company that provides the service of insuring the general populace. In Nigeria we have Insurance companies like Aiico.
Custodian insurance plc.
Consolidated hallmark insurance.
Lead way Insurance.
IGI Insurance.
Niger Insurance plc.
Mutual Assurance plc.
NICON. etc

3. The Insured : This is a person that has gone out to obtain insurance policy from a company. That person may be a business man or woman or your parents. Your daddy may insure his car.

4. Premium : This is the agreed amount of money that the insured pay the insurer for shouldering his risk. The insured person pays money to the insurance company and that money is known as *PRENUIM*

5. Indemnity : If an insured person should suffer a loss of car or money or property or any loss. The insurance company will pay the insured person back or provide another car to such person. This is known as Indemnity in insurance.

In conclusions insurance can be summarized to be pooling of funds together in other to withdraw later if anybody that contribute to the pool of funds should suffer a loss 7

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          Maths basic English quantitative 

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Maths general paper social quantitative 


Maths crs social grammar 
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Civic business maths English 


A. Meaning of Insurance
Insurance can be defined as the process whereby there is protection against any risk that may terminate life or destroy the business or individual property. Loss of damage to property may arise from accident, theft, fire, flood and so on.
Insurance can also be defined as the transfer of risk of life or property from one person that insures himself (called the insured) to another person i.e. the insurance company (called the insurer) in return for a fixed amount (called premium) which the insured has made to the insurer.
Insurance is a contract between the insured and the insurer. If any property is lost or damaged, the insurer will pay the insurer insured an agreed sum of money called indemnity.
Insurance Companies in Nigeria
Insurance companies can be divided into categories, which are
Life Assurance : It is a contract between the person who takes out the policy called the assured and the assurance company. Examples of Life Assurance Companies are: AIICO Assurance Policy, GNI Life Assurance Ltd, Mutual Benefits Life Assurance Company Ltd etc.
Non-life insurance : Non life insurance performs other insurance function. They include Cornerstone Insurance PLC, Sovereign Trust Insurance PLC etc.
B. Basic Insurance Principles
The following principles are used in guiding the contract of insurance
1. Principle of subrogation : This principle states that an insurance company can take the place of the insured after it has indemnified him by making necessary payments.
2. Principle of indemnity: This principle of indemnity states that in the event of any loss the insured has to be restored to the position he was before the loss.
3. Principle of proximate cause : This principle states that the cause of the loss or damage must be linked with the risk that was originally insured against.
4. Principle of utmost good faith : The principle of utmost good faith states that both the insured and the insurer must disclose all relevant information to each other.
5. Principle of insurable risk: This principle states that insurance can only entered if into if the risks involved are insurable.
6. Principle of insurable interest : This principle states that no person can be allowed to insure anything in which he has no insurable interest.
C. Types of Insurance
1. Motor vehicle insurance : Motor vehicle insurance is the most popular and commonest type of insurance policy in insurance Nigeria because it is compulsory for every vehicle to be insured in Nigeria.
2. Burglary/ Theft Insurance: Burglary or theft insurance policy provides protection against loss or damage to the property of the insured as a result of burglary or theft.
3. Marine Insurance : Marine insurance is a compulsory insurance that is taken for ships and boats on seas. It is one of the oldest forms of insurance. It covers loss or damage over goods, the ships or boats carrying the goods also.
4. Life Assurance Policy : This provides protection against loss caused by the death of the person (assured). It helps to reduce the financial problem which the death of the people can cause.
5. Agricultural Insurance Policy : Agricultural insurance is the newest insurance policy introduce into the insurance market by the federal government. It covers loss or damage to crops, livestock's, pest inversion etc.
D. Importance of Insurance
The Importance of insurance are as follows:
It helps to reduce risk business or job means that encourages people to save
It facilitates international trade
It is a provision of old age
It is provision against lives and propert

Early Men and thier methods of farming

The early men were wanderers that moved from one geographical location in search of food and shelter. Their Methods of Farming were crude as they made use of spears and cubs.

Soon the early men started to gather some seeds that they later planted and they were also able to tame and domesticate some wild animals. That was how farming started

The difference between Gmail and Email

I was shocked today when I heard my neighbour telling his son the difference between Email and Gmail. 
He said Email is when you use Electricity to send mail while Gmail is when you use Generator to send mail! πŸ˜ƒ. I still dey struggle to catch my breath from laughing πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚. Happy Sunday to you.

Spelling drill year 8

1. Argument
2. Persuade
3. Permission
4. Ancient
5. Universe
6. Exaggerate
7. Excellent
8. Lamenting
9. Experience
10. Comfortable
11. Administration
12. Colleagues
13. University
14. Application
15. Information
16. Commission
17. Federal
18. Obstruction
19. Establish
20. Category
21. Prosecute
22. Appreciate
23. Departure
24. Approach
25. Important
26. Variety
27. Sudden
28. Determine
29. Vulture
30. Feather

Be Example of How You Want People To Treat You

*Be the Example of how you want people to treat you*

Sometimes ago, I'd a heated disagreement with my neighbor.

He placed his Generator just at the back of my window. There were a lot of smokes getting in and the sound won't just let my baby sleep.

So I approached him. I told him about the hazardous smoke that comes in and that it's possible to find another suitable place just nearby would be okay. He got angry. His wife flared up. I was surprised to his lack of not being able to reason with what I was saying. He insisted on not moving his Gen.

It wasn't convenient each time they put it on.

"You're not considerate. You're not a good person" I told him.

Those words were too much, but I was angry too.

I rang the Landlord. I informed him.
He doesn't stay around. He promised to call him.

Two weeks on, nothing changed. I felt very unhappy. I would always close my window even if the weather is hot. My baby sweats a lot. Then I had no Gen. Nepa wasn't helping too.
So we kept managing.

One Night, it was on Friday. Very late. I perceived an unpleasant smell coming towards my room shortly after the PHCN restored light, so I got out. I traced it.

I realized it was coming from my neighbor's apartment. The one next to mine that we both had a disagreement.

I stood for a minute or thereabout.

"This people are not friendly; let me go back. I said inaudibly.

I returned back. Of course why should I even be surprised that they could allow such an offensive smell come out of their space.

" Dirty people!"

I locked my window.

But the smell persisted even more.

I got worried. I approached their doorstep and knocked with my index finger.

Such one you do so that no one will accuse you of wanting to break down their door.

No reply.
I hit harder and harder. No reply still.

I went straight to the window of their room to whipt through.

No one was home.

I saw a little flame. A plugged Iron faced to the mattress.

I quickly ran to the central switch and put off the light.

I alert another tenant. We have just four apartment. We broke in.

In there was my neighbor's two kids and one of their young relative staying with them all asleep.

We took them out. We subdued the fire. It has just started. But there were smokes in the room already.

At a time, we all collected each other's phone number after one of the tenant's meeting.

I rang my neighbor. No response. And again, still no response. And again, "switched off"

Apparently, he didn't want to speak with me.

The kids said they'd gone to church, which I guessed to be vigil.

I accommodated those kids and the young girl.

Very early next day, He and his wife returned only to find their apartment opened and messy.

He asked one of the neighbors who told him what happened.

He knocked on my door. I opened.
He hugged me.
"E se Daddy Desire!" Meaning Thank you!
And the wife was full of thanks.

That was how he looked for afar away open place to put his generator and he didn't only do that, he asked if I don't mind connecting with him.

Because I have a clear mind after what'd happen, I said "okay"
He gladly gave us light.

And afterwards, there was a time I traveled to Abuja, and my wife wasn't feeling okay. He took her to the hospital and took care of the bills. I was only told after she returned back.
I asked my wife how much the bill was...

I met with him. I made it known that I am very grateful. I offered him the cash. He refused it.

"You are a good man sir. Thank you. ``

In life,
We need to be the example of how we want others to live and should live.
We need to show what we expect back from them.

A lot don't see life the way you see it. The world is so unfriendly and also, people who live in it. But when you have your chance to prove that you are not one of them, Prove it. Because the chance will always come.

Regardless of whatsoever might have happened. Don't take it to the heart.
Put it in your hand. Why?! Because Soon it will slip off and you will forget. That way you won't pay evil with evil.

Try not to hold grudges that will make you not to be merciful so as to help your enemies; when you are the only one who is in the position to.

Yes! They're people who just find joy to frustrate you but don't do likewise.

Nevertheless, be careful not to play Mr righteous because you may greatly regret it. Don't create the chance to prove yourself. Wait for chance.

The chance will come.
They will need your help either directly or indirectly.


Make sure you pay evil with good.

Then you will ascend the plane of human existence.
You will be revered and honored.


An opportunity is a situation in which it is possible for you to do something that you want to do.
A time or set of circumstances that makes it possible to do something.
Exploitable set of circumstances with uncertain outcome, requiring commitment of resources and involving exposure to risk.
Opportunity is everywhere but we miss the chance because we are not sensitive to those opportunities.

Your Time is Precious


```Don't waste your time and energy on the things or people that bring you negativity. 

There are too many positive things out here in the world to experience and very little time to see it all. 

The clock ticks the same for everyone and plays no favoritism. You can't rewind it back and you certainly can't stop it! It's on you! 

Time is your investment. Don't misspend it. Believe the Champion in You. 

What is Leadership

Leadership is simply about influence. Positive willfully influence that is not subjected to frustration, victimization or fear.


Leadership is the act of inspiring subordinates to perform and engage in achieving a goal. It involves establishining  a clear vision, sharing the vision with others, so that they can follow willingly, providing the information, knowledge and methods to realize the vision and coordinating and balancing the conflicting interests of all members and stakeholders.


Bread for the Brethren



1. Reduce Food.
2. Reduce Sleep.
3. Reduce Talks.
4. Reduce Movies.
5. Reduce Sugar.

1. Remove Grudges.
2. Remove Show (Self display).
3. Remove Lust.
4. Remove Darkness.
5. Remove Distractions.

1. Be more Holy.
2. Be more Happy.
3. Be more Honest.
4. Be more Thankful.
5. Be more Simple.

1. Increase Praying.
2. Increase Study (WORD).
3. Increase Exercise.
4. Increase Fasting.
5. Increase Giving.

1. Be Discipline.
2. Be Sober.
3. Be Humble.
4. Be Timely.
5. Be Faithful.
6. Be Positive.
7. Be Ready.
8. Be Sensitive.
9. Be Anointed.
10. Be Peaceful.

1. Always Smile.
2. Always Retreat.
3. Always Remember.
4. Always Practice.
5. Always Learn.

1. Restrict Movement.
2. Receive Counsel.
3. Engage Wisdom.
4. Resist the Devil.
5. Avoid sin.

If there is any reason to share this then do it

Happy Cultural Day

Positive Affirmatives For Pupils